Stripe APIs to Allow Clients to Issue Their Own Cards

Stripe is looking to offer APIs to allow clients to issue physical or virtual credit cards in a move to keep them from going to banks; without a banking license Stripe relies on partners to help firms underwrite clients; “It’s a natural progression for them by integrating the needs of an acquirer and issuer for a small business,” said Kevin Morrison, a senior analyst on the retail banking and payments team from Aite Group, to PaymentsSource; the card management allows for expense tracking, lodging disputes and the potential for credit line increases without the need to call a bank; Stripe is taking advantage of banks leaving the small business lending space after the financial crisis. Source.